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India’s trade deficit at $15.24 billion in April: Trade Ministry
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NEW DELHI, 02 May, 2021(TON): India's trade deficit in goods was $15.24 billion in April, preliminary data released by the government on Sunday showed.
Merchandise exports rose to $30.21 billion for the month from $10.17 billion a year earlier, while imports rose to $45.45 billion from $17.09 billion, the data showed.
Last year India was under a strict national lockdown to curb the spread of the coronavirus, leading to a significant reduction in international trade volumes.
The coronavirus pandemic has had a very severe impact on the economy and small and medium-sized companies across the country facing the brunt of the impact.
India's economy is projected to grow at 7.3 per cent in 2021, even as it is estimated to contract by 9.6 per cent in 2020 as lockdowns and other efforts to control the Covid-19 pandemic slashed domestic consumption.
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